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Dec 8, 2012 4:00am PST
stalemate over the fiscal cliff, now the subject of a petition on the white house website. demands everyone in congress forfeit their paychecks and health care benefits until the deal is reached on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> yo
Dec 8, 2012 9:00am PST
[ laughter ] >> you know what, i'm sorry to say you're probably right. looking at the fiscal cliff battle, what are you and the rest of the incoming class learning? or learning to avoid? >> well again, the fiscal cliff, it's been a problem that's been facing our nation. again it's congress failing to act. and this is a time we need to deal with those problems. and we've got two choices here. we've got a debt problem. and you've got two choices to fix that. one is to raise revenues and the other is to cut spending. it's going to be a combination of that. my best way of raising revenue is get the economy growing. taxes, raising taxes is last on the list. we need to look at the spending side more than anything else. >> will there be a concerted effort to usher in a new era of compromis compromise? >> you know what, i look forward to seeing that. i've talked to people on the democratic side. and i said what can we do to put the party politics aside and let's put the country first? and it was interesting getting the feedback. because the any freshmen coming in seem to feel the same way. and i look forward to sitting down with them. and right now i'm not involved in that process. we're on the outside and i have an opinion just like everybody else. i know mr. boehner has been working
Dec 9, 2012 9:00am PST
that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, what is your response to that? >> well, look. the people who lost this
Search Results 0 to 3 of about 4 (some duplicates have been removed)